GameStop is closing over 400 retail locations across the United States as part of a severe cost-saving strategy. According to a tracking blog, 410 stores are confirmed closed or closing, with 11 more expected, as of January 10. This move follows warnings in a December 2025 SEC filing where the company anticipated shutting a significant number of stores before fiscal 2025 ends on January 31, 2026.

The filing also revealed a lucrative compensation package for CEO Ryan Cohen, who stands to receive up to $35 billion in stock options if he increases GameStop's market cap to $100 billion. This retail contraction extends beyond US borders, with plans to reduce physical presence in Canada and several European countries. Despite a historic market value spike in 2021, GameStop has struggled to find a stable direction, evidenced by failed ventures into crypto lockers and NFT marketplaces.

These closures represent a significant pivot for the struggling retailer, signaling a potential retreat from traditional brick-and-mortar operations to stabilize finances and focus on core profitability.